Meeder Asset Management Inc. Takes Position in Ross Stores, Inc. $ROST

Meeder Asset Management Inc. purchased a new position in Ross Stores, Inc. (NASDAQ:ROST) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 48,779 shares of the apparel retailer’s stock, valued at approximately $10,383,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ROST. Hilton Head Capital Partners LLC purchased a new position in Ross Stores during the 4th quarter valued at $26,000. Bard Associates Inc. bought a new position in Ross Stores in the 4th quarter valued at $31,000. Virtus Advisers LLC purchased a new stake in Ross Stores in the fourth quarter worth $32,000. Fideuram Asset Management Ireland dac purchased a new stake in Ross Stores in the fourth quarter worth $38,000. Finally, Salomon & Ludwin LLC increased its stake in Ross Stores by 89.0% in the fourth quarter. Salomon & Ludwin LLC now owns 223 shares of the apparel retailer’s stock worth $42,000 after purchasing an additional 105 shares during the period. 86.86% of the stock is owned by institutional investors.

Ross Stores Trading Down 4.1%

Shares of NASDAQ ROST opened at $235.28 on Tuesday. Ross Stores, Inc. has a twelve month low of $143.39 and a twelve month high of $257.00. The firm has a market cap of $75.47 billion, a PE ratio of 32.86, a price-to-earnings-growth ratio of 2.74 and a beta of 0.86. The business has a fifty day simple moving average of $233.84 and a two-hundred day simple moving average of $220.77. The company has a quick ratio of 0.94, a current ratio of 1.54 and a debt-to-equity ratio of 0.12.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.29. Ross Stores had a return on equity of 38.42% and a net margin of 9.74%.The business had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter in the prior year, the company earned $1.47 EPS. The business’s revenue was up 20.6% compared to the same quarter last year. Ross Stores has set its FY 2026 guidance at 7.500-7.740 EPS and its Q2 2026 guidance at 1.850-1.930 EPS. Analysts expect that Ross Stores, Inc. will post 7.78 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, June 9th. Ross Stores’s dividend payout ratio (DPR) is presently 24.86%.

Analyst Ratings Changes

ROST has been the subject of a number of recent analyst reports. Sanford C. Bernstein reissued a “market perform” rating and set a $230.00 target price on shares of Ross Stores in a research note on Friday, May 22nd. UBS Group restated a “neutral” rating on shares of Ross Stores in a report on Wednesday, June 10th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $270.00 price target on shares of Ross Stores in a research note on Friday, May 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Ross Stores from $248.00 to $251.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Finally, Guggenheim reissued a “buy” rating and issued a $290.00 price objective on shares of Ross Stores in a research report on Monday, April 27th. Fifteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $244.76.

About Ross Stores

Ross Stores, Inc (NASDAQ: ROST) is an American off?price retailer headquartered in Dublin, California, that operates the Ross Dress for Less and dd’s DISCOUNTS store formats. The company sells a broad assortment of apparel, footwear, home fashions, accessories and other soft goods, positioning itself as a value-oriented destination for brand?name and fashion merchandise at reduced prices.

Ross’s business model centers on opportunistic buying of excess inventory, closeouts, cancelled orders and overstocks from manufacturers, department stores and other suppliers.